# Winter Storm, Trade Progress Drive Grain Futures Higher | Feed & Grain

> A early winter storm with snow and hard freeze hit late-planted crops in the Northern Plains and Upper Midwest, prompting traders to estimate cuts of 100 to 200 million bushels to the corn crop and 30 to 40 million to soybeans. Prices also rose on optimism over US-China trade talks and Brexit prospects.

- Date: 2020-11-30 · published 2020-11-30T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/50172-winter-storm-trade-progress-drive-grain-futures-higher-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Estimated crop losses tighten US corn and soybean supplies, supporting higher feed grain and meal prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-18 | [Higher feed prices this winter](https://feedsoft.ai/events/44681-higher-feed-prices-this-winter.md) | +1.5% | +13.0% |
| CORN | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -1.3% | -7.0% |
| CORN | 2017-06-09 | [DDG Prices Driven Higher by Rise in Corn Futures](https://feedsoft.ai/events/70594-ddg-prices-driven-higher-by-rise-in-corn-futures.md) | -1.0% | +0.3% |
| CORN | 2019-07-08 | [Higher corn futures cause feeder calf prices to dip](https://feedsoft.ai/events/58230-higher-corn-futures-cause-feeder-calf-prices-to-dip.md) | +2.0% | -3.2% |
| CORN | 2016-06-03 | [Futures File: Soaring prices prove pigs can fly; weather worries push grain prices higher – Greeley Tribune](https://feedsoft.ai/events/5266-futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain.md) | +3.7% | -5.6% |
| SOY | 2017-07-27 | [Drier Weather Pushes Grain, Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/7124-drier-weather-pushes-grain-soybean-futures-higher-fox-business.md) | -2.3% | -5.4% |
| SOY | 2016-06-03 | [Futures File: Soaring prices prove pigs can fly; weather worries push grain prices higher – Greeley Tribune](https://feedsoft.ai/events/5266-futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain.md) | +2.8% | +2.7% |
| SOY | 2016-07-14 | [Bullish weather outlook drives futures higher](https://feedsoft.ai/events/4943-bullish-weather-outlook-drives-futures-higher.md) | -9.0% | -9.8% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/grain-supply-chain/news/15394540/winter-storm-trade-progress-drive-grain-futures-higher

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.